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June 6, 2019

Port 106 Interbay lands HomeGoods

The retail center known as Port 106 Interbay, being developed in phases by Ariel Development and Kauri Investments, has a major new tenant. CBRE's Susie Detmer and Stacy Reid are the leasing agents for those owners.

Plans have been filed by HomeGoods for about 25,000 square feet at the 7.7-acre complex at 1550 W. Armory Way and related addresses, all of which are west of 15th Avenue West, near Whole Foods.

B&T Design & Engineering of Issaquah is in charge of the tenant improvement project. Kauri affiliate K Contracting will build out the space.

Other tenants in the 119,300-square-foot center include Michaels, Total Wine and Bright Horizons. As of last December, Kauri said it was 55 percent leased.

HomeGoods is a discount furniture and home decor retailer that's part of the publicly traded TJX Companies group, which also includes T.J. Maxx and Marshalls among its brands. The group has over 4,300 stores in nine countries, and reported $39 billion in revenues last year. There are HomeGoods stores in Bellevue, Bellingham and about a dozen other state locations. Interbay will be its first Seattle location.




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